Advertise
Resources
Member, Beacon International Group, Ltd.
WASHINGTONEven if both houses of Congress vote to repeal the health care reform law, President Barack Obama would veto such legislation, the administration says.
In a Thursday statement of policy by the Office of Management and Budget, the administration said the repeal measure, H.R. 2, introduced by House Majority Leader Eric Cantor, R-Va., “would explode the deficit, raise costs for the American people and business, deny an estimated 32 million people health insurance and take us back to the days when insurers could deny, limit or drop coverage for any American.”
Repealing the law would eliminate important protections and coverage expansions of the Patient Protection and Affordable Care Act, the administration said.
“If the President were presented with H.R. 2, he would veto it,” the administration said.
While the repeal measure, which has 162 co-sponsors, is expected to easily win approval in a vote scheduled next week in the Republican-controlled House of Representatives, observers say it is unlikely the Democrat-controlled Senate will follow suit.